Myetherwallet is very okay for me, since I can access it via web anywhere. You control your private keys. MyEtherWallet gives you the ability to generate new wallets so you can store your Ether yourself, not on an exchange. This process happens entirely on your computer, not our servers. Therefore, when you generate a new wallet, you are responsible for safely backing it up.

Hi,I am new to this and have a fundamental question: Why do ICOs ask us to send ETH using myetherwallet?Why can't I send them directly from kraken.com?Thanks in advance

they are doing that because their coins/tokens are not yet listed on online exchanges and you cant still withdraw or trade it ,thats why you must hold it first on your eth wallet specifically myetherwallet because it is the most stable and the best eth wallet that suports all new and old erc20 tokens as well as eth.

the wallet ethereum address of MyEtherWallet (MEW) is public, so can accept the newly launched altcoin (new contract). while for the exchanger is not public, later altcoin newly launched can not enter.except if exchanger supported ERC20, like etherdelta.

Hi,I am new to this and have a fundamental question: Why do ICOs ask us to send ETH using myetherwallet?Why can't I send them directly from kraken.com?Thanks in advance

Because when the exchange sends the ETH you never know what address they are going to send from. You get tokens when the ICOs end to the address which sent the actual ETH, so sending via an exchange just doesn't work.

Therefore, they tell you to use myetherwallet, which supports most ERC20 tokens.

It's like why you don't send from an exchange when doing on-chain betting.

If you use MyEtherWallet then you have the private key & you control your funds and your key. You do not rely on Coinbase or Gemini sending your funds from their account to yours. If you use an exchange Kraken then you have any account with that company, and they hold your ETH and your keys for you. They have their own account on the blockchain with all their and their customers' funds in it. Then you have a username / password with them, on their servers, and they keep track of how much ETH they "owe" you.This allows you to have the more traditional username / password situation and do things like reset your password if you forget it, change your password if your password is compromised, and turn on 2FA. However, it also means that if the exchange loses ETH, it's your ETH that is lost.

Hi,I am new to this and have a fundamental question: Why do ICOs ask us to send ETH using myetherwallet?Why can't I send them directly from kraken.com?Thanks in advance

Because when the exchange sends the ETH you never know what address they are going to send from. You get tokens when the ICOs end to the address which sent the actual ETH, so sending via an exchange just doesn't work.

Therefore, they tell you to use myetherwallet, which supports most ERC20 tokens.

It's like why you don't send from an exchange when doing on-chain betting.

i think because dev can control the token received or not and if there is pending transaction can complainand if dev use market address like kraken, bittrex or poloniex you can lose your balance

exchange wallet is not good ,, your token will be lost if you use an exchange ethereum wallet just use MEW it is easy to use,,

sorry for asking dumb question, but how can you say the exchange wallet will take all of your money ? as far as i know i never lost my coin if i use the exchange wallet, the only think i got from exchange wallet is you can't hold the private key, just that.

Hi,I am new to this and have a fundamental question: Why do ICOs ask us to send ETH using myetherwallet?Why can't I send them directly from kraken.com?Thanks in advance

most replies have answered your questions pretty good, to make it simple & clear:1. using ETH via MEW (myetherwallet) proves you are the owner of that sending addressbecause using mew requires user to have privkey or something to control that address2. The dev ICO will need your address to distribute the tokens once ICO finished3. MEW supports all ERC 20 Tokens including custom, other wallets might not support certain tokensso those 3 basic needs will be fulfilled at once by requiring "send ETH using MEW"

Hi,I am new to this and have a fundamental question: Why do ICOs ask us to send ETH using myetherwallet?Why can't I send them directly from kraken.com?Thanks in advance

They make a contract automatically, so you should sent from your account (send by account, get coin on that account) and avoid confusion or have someone else said it as their transactions. There may be other reasons but I do not know.

Hi,I am new to this and have a fundamental question: Why do ICOs ask us to send ETH using myetherwallet?Why can't I send them directly from kraken.com?Thanks in advance

With myetherwallet you control your own private keys. This means that your sending & receiving address are the same. This makes the distribution process once the ICO ends(i'm assuming they are distributing tokens on the ETH network once the ICO ends) much easier than if you did it through an exchange since the address that sends your withdrawal isn't necessarily your deposit address.

Hi,I am new to this and have a fundamental question: Why do ICOs ask us to send ETH using myetherwallet?Why can't I send them directly from kraken.com?Thanks in advance

Myetherwallet is its own wallet. Everyone would promote their own applications or sites to represent their products to gain more profit in a short span. The more they draw people towards their products, applications and sites, their market and their profit increases.

Myetherwallet can automatically receive and distribute any coin on the Ethereum network using smart contracts. If you use an exchange and the coins are sent to the exchange, odds are some of those exchanges will not list that specific coin, and/or the process needs to be done manually.

I am new to this and have a fundamental question: Why do ICOs ask us to send ETH using myetherwallet?

Why can't I send them directly from kraken.com?

Thanks in advance

Very basic stuff first. ICO works on the smart contract in correlation with the ethereum blockchain. They have easy implementation on that blockchain. As a part of this they have to maintain the standard of their token to a specific standard names as ERC20 which is relayed by ERC20 supported exchangers or wallets more often. To add this tokens the ERC20 protocol has to be merged with supported wallets and myetherwallet is one of them. That's why use myetherwallet. Oh yeah plus, it is most popular too. ;-)